Bitcoin commonwealth wallet

[BountySoldier]

Hi, guys. Suddenly on a conf i created an idea. So many peoples are out of community, 'because  they haven't got enough money to buy bitcoins as well. But I have some crypto funds with good %, but they accept from 2BTC up. So why don't me to do common wallet and accept small amount due till 2BTC, put it in a fund, hold for 4-6 month, share the profit between holder of common wallet proportionally. How do you think is it a good idea?

[iamTom123]

Hi, guys. Suddenly on a conf i created an idea. So many peoples are out of community, 'because  they haven't got enough money to buy bitcoins as well. But I have some crypto funds with good %, but they accept from 2BTC up. So why don't me to do common wallet and accept small amount due till 2BTC, put it in a fund, hold for 4-6 month, share the profit between holder of common wallet proportionally. How do you think is it a good idea?

The main idea here is pooling which means you gather small amounts from different people or members of the pool and then buy that Bitcoin...then hold it for some months until the value is already profitable enough maybe to buy more. This is not something new and anybody can do but I do suggest that you start it with your friends where you have a good trusting rating. Suggesting that to strangers even in the online platform can be difficult because we don't know each other...it is not that am doubting your character but it is just doing the due diligence. Once you can establish the needed trust then it would be easy to expand or to accept more members of the pool. Good luck on your endeavor...this is a good actually.

[Lieldoryn]

I do not believe that this idea is feasible. Whom to entrust the management of such a Fund? We are talking about big money and people can disappear with the money. Even if he was an honest man. In order to have the income you need to invest the money only in projects that generate revenue in bitcoins. Such projects are still very small. No it is not feasible.

[777Bitcoin]

If it is possible, it would have been done since before but why is that? because in bitcoin the first  and the last person you can trust is yourself alone. That is impossible in any platform of forum because temptation is serious problem you can’t resist.

Don’t get me wrong, the idea is great if only humans are too good that for sure is not. Maybe that’s the biggest pyramid scheme that will be done if being used for.

[vqscyxuo]

That's a good idea. However, one point needs to be emphasized. What is the foundation of such a fund? You need a good reason to put money into it

[oookova]

Hi, guys. Suddenly on a conf i created an idea. So many peoples are out of community, 'because  they haven't got enough money to buy bitcoins as well. But I have some crypto funds with good %, but they accept from 2BTC up. So why don't me to do common wallet and accept small amount due till 2BTC, put it in a fund, hold for 4-6 month, share the profit between holder of common wallet proportionally. How do you think is it a good idea?

Its a good idea, but its raw....
You should promise to people some benefits on a period, while BTC will be on a fund. Otherwise noone will put their coins to your wallet.

[LoyceV]

I have some crypto funds with good %, but they accept from 2BTC up

This sounds very fishy to me. Please explain what "funds" your talking about: do you manage them, or is it someone else who made the promise?

In general, there are no safe investments. And if they could really offer a good return, they wouldn't need you or me.

[cynical]

i think this is a good idea, well the concept is interesting, its something like a co-operative setup.
i also think that it could be a good blockchain project, but im not sure if that would be possible?

[Nisharawal]

This idea is what we called pooling and i think this is a good one to go for if you have some good trading groups, friends groups,or family circle so that we can     create a big fund by combining our small funds from the group people and then invest that amount in crypto market and then enjoy the profits among your group of people. This is similar to pyramid scheme or marketing business scheme where sharing the business service make them money and here we are using it for trading nothing tricky or magic here. But this only possible if you have good and high amount of trust and honesty among in each member of the group. even this forum are having some thread on this, but be careful with the people who are already having negative ranking and trust on their forum id.

[hitrawal91]

yes it is really a good idea and the scheme is really good for long term investing and short term trading both. And i am very well practised with it as i have practise same type of schemes in marketing field too where the people gets paid in dollars if the group of people joined together and promote the offer of service and then they hold the product or service till the value gets increase to a great high . Here it is called pool system and i have read about this on some thread in this forum and i will check it again and give this idea a try , thanks for reminding it.

[mobnepal]

i think this is a good idea, well the concept is interesting, its something like a co-operative setup.
i also think that it could be a good blockchain project, but im not sure if that would be possible?

What good idea? How we can trust some random guy willing to handle your bitcoin with promise that he will return you some % in profit after 4-6 month?
I think OP is just trying to grab some bitcoin before getting disappeared in thin air.

[MisterPrada]

The idea is good if you are sure that it will bring dividends, otherwise you risk unequivocally. Any contribution implies risk, if your risk is justified or reinforced by something or you know how to manage it, then try it.